Senate GOP releases bill to cut Medicaid, alter ‘Obamacare’

WASHINGTON (AP) — Senate Republicans released their long-awaited bill Thursday to dismantle much of Barack Obama’s health care law, proposing to cut Medicaid for low-income Americans and erase tax boosts that Obama imposed on high-earners and medical companies to finance his expansion of coverage.
The bill would provide tax credits to help people buy insurance. It would also let states get waivers to ignore some coverage standards that “Obamacare” requires of insurers.
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